International cost of living and hardship / quality of living data for 780 global locations.
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Bogota is the capital city of Colombia. Bogota is Colombia's largest economic centre and most companies in Colombia have their headquarters in the city. Bogota is also a major centre for the import and export of goods for Colombia and the Andean Community in Latin America.Colombia is in Northern South America, bordering the Caribbean Sea, between Panama and Venezuela, and bordering the North Pacific Ocean, between Ecuador and Panama. The climate is tropical along coast and the eastern plains, but cooler in the highlands.The official language is Spanish. Many Colombian businesspeople speak English and so do most reception staff at business-class hotels in main cities. It is appreciated if visitors try to speak Spanish. Other languages are not widely spoken, but hotels can generally aid visitors by hiring interpreters for them if required. The main religion is Christianity.The economy of Colombia is that of a free market economy with major commercial and investment ties to the United Nations. Transition from a highly regulated economy has been underway for more than a decade.Business introductions are usually formal, for example it is expected to use formal professional titles followed by surname. Expatriate business dress is formal.The security risk for expatriates in Colombia is medium, but high in rural areas and near the borders with Venezuela and Ecuador. Risks include street crime, including violent crime, abduction in some remote areas, and terrorism.The currency of Colombia is the Colombian Peso (COP). US dollars are easily exchangeable. Use credit and debit cards and ATMs with vigilance as crime rates are high.Medical facilities vary widely. Private clinics in large cities provide good quality care all levels of treatment. However public health facilities, particularly in smaller cities are generally not properly equipped and poorly funded.The population of Bogota is 10.2 Million (Metro) (2019 est.), while the inflation rate (CPI) is 3.86% for Colombia as at October 2019.Xpatulator Hypothetical Tax for Colombia is based on the current personal income tax rates which are progressive up to 33%. The value of each tax unit (UVT) is equivalent to COP 33,156 for fiscal year 2018.
